China's holdings of U.S. Treasury bonds decreased by $27.3 billion month-over-month in August to $590.7 billion, according to the U.S. Treasury International Capital (TIC) report. This marks the second consecutive month of new lows since August 2008, with China remaining the third-largest foreign holder of U.S. debt. As of August, China's holdings of U.S. Treasury bonds have declined for three consecutive months.